Time saving accounts As indicated in our newsletter dated 13 March 2019, the draft bill no. 7324 aiming to establish time saving accounts in the private sector has been put to the Chamber of Deputies’ vote on 12 March 2019.

The law dated 12 April 2019, published on 24 April 2019 in the official Gazette (number 262), has now implemented the new legal provisions. The law will enter into force 3 days after its publication, which is 27 April 2019.

We hereby remind you that the establishment of such a system is not mandatory.

Provisions contained in a collective bargaining agreement (signed prior to the entry into force of the law) remain applicable as long as the collective bargaining agreement is valid.